know now. melissa: the nationwide average for retail unledded down 34 cents in the past year. we'll tell you where drivers are getting the other deals. >> passenger complaints soaring as airplane stocks climb higher. rankings of the 14th largest airlines, the best and worst ahead. melissa: putting the home back in hometown. small business owner tom rosier on why he's buying up 204 fore closed homes 20 save the city. quite a story. lori: indeed. back to the floor of the new york stock exchange for an edition, and we have to ask you about the greek independence day parade. melissa: you were awesome! you were awesome. anchored, there you are, ushered in the beautiful weather. looked gorgeous. did you have a wonderful time? >> that's really nice. i appreciate that. those were the guards marching

buy there, a great experience, over a hundred thousand people, a pleasure to celebrate such a great day. thank you for featuring that. i appreciation it. thanks a lot. it was a lot of fun. we had the head of the fbi here in new york who is very busy this week with sac capital, and the dow jones industrial down a quarter of 1%. nasdaq down one-tenth of 1%. hovers near unchanged, every single day of the industrial average is a different direction since march 20th. we had a down arrow here today, the first back-to-back losses since that middle of march as we were noting. look, also, at alcoa, obviously, still key. economic bell weather, concerns about aluminum prices, the first to report, obviously, a big guy now getting ready to report after the bell today.

dow component certainly gives us indication of how its earnings season may or may not go, but watch it closely. as you can see, the wait and see mode ahead of the quarterly report. thanks, again, for showing that. appreciate it. melissa: congrats. market in a holding pattern after a streak of new al time highs. where do they go from here? next guest says a serge for the dow could end in ruin turning 2013 into a front loaded year. pleased to welcome back paul, president of the heritage capital. great to see you again, sir. last we spoke in the fall, you guys were maximum bullish. when did you change that, and what does that mean exactly for the investment at this point? >> thanks for having me again. -eah, we got super bullish around the middle of november. we stayed that way pretty much right until the date you mentioned, march 20th, first day of spring, my birthday, so i remember that easily, but on march 20th, we paired back

equity holdings, cut them in half, and recently, we hedged what was left, shorting the russell 2,000. i don't think the bull market is over. i want to be clear. this is -- i don't think the nails in the cough fin were going down 30% or 40% now. i just think we've come so far, so fast. doesn't mean we can't go higher, but when wall street strategists are falling over themselves to raise their targets, when the individual investor spent five years di valuing the whole market, and now falling over themselves to get into mutual funds, and then you got cracks in the pavement k looking at the indexes and sectors, clearly, this is a time for either the pause to refresh or a decent 4% or 8% pull back. upside is 15,000. lori: when you tell us ahead of time a surge could end in ruin. those are scary words. >> yeah, so, you know, markets have windows of opportunity.

here's another one. they happen all the time where, you know, there are enough cautionary signs to warrant a pause to refresh, which can be sideways action, imperative weeks, few months, pull back in price. when markets ignore what it should be doing, they normally pay back in space. i think 15,000 is your upside max and 13700 is the downside max in the short term meetings the next couple weeks to couple months. market blows up to 15,000 here, given the worries and signs i see, i think it ends really, really poorly, and i liken it to 1987. not a crash in one day, but if we blow off without pausing and gathering ourselves. it t going to end poorly in the third quarter. lori: can i ask a question, or do you want to keep on rolling? that's fine. we invited you, but i have to join the conversation because investors not only pick up stocks and bonds as well, but if that's not room left you say in

the stock market, the bond rally they call for to end the bubble to burst is not bursting as we know, especially, right, with last week's yield. what do you think? like, where should people be investing new money? >> so you look at the next -- the prospects of the next quarter because we're in a new quarter, the next two quarters. as we talked about many times, people call for the demise of this great bond-bull market. clearly, we're at the end. in the 8th or 9th inning, but treasuries had a remarkable run over the last month. it's been almost a near vertical run and no one talks about it. be careful, obviously, in anything you do, but the second half of the year, bonds are -- bonds deserve merit along with, believe it or not, gold and silver. they have been decimated. the stocks, the barracks decimated since lest september. i think they warn a look for the second half of the year.

the two halfs of the year look very, very different with perhaps certain areas of bond markets that have not gotten the love, getting some love in the second half, and certainly with the metals arena coming back into favor. >> okay. there you have it. paul, investment outlook. thank you very much. >> thanks, lori. melissa: gold edging lower after the biggest daily rise friday. sandra smith looks from the smith of the cme. sandra,,what is causing this weakness in gold today? >> well, there's been so many things. you had a strong equity market. you had a lot of the money come out of gold into the stock market. you had a stronger u.s. dollar that's lessened demand for gold as an alternative investment, but now you just got investor demand that's overall week, and as you heard the guest say, gold and silver have been decimated so far this year. really under performing the broader market, gold price's down 6% so far this year. gold down another several bucks in today's trading session, four

bucks at 1572 an ounce. you got a decline in investor interest, and the u.s. dollar story a big one. we put together a chart that really shows the story that is growing over the past two weeks. gold prices have gone down 2.2% over just a two week period. at the end of the chart, there's a divergence in the u.s. dollar that's strengthening. up a half percent. stronger dollar, weakness in precious metals. that's happening there. barclay's capital weighs in this morning in a very big note out by cooper over there, the big analyst, with a note basically blaming the decline in gold prices in decline in investor interest in the big gold etf saying the etp outliars are the largest downside risk of gold price, the outflows in the exchange traded products so remember, i always remind everybody, melissa and lori,

that when anybody buys gld, it actually takes physical gold off the market and stores it. when they sell it, that gold goes back on the market, and when you get a rise in supply, the price of the metal goes down, so barclay's says that is the biggest reason pushing gold down. they continue to expect it. back to you. melissa: great explainer. i want to ask about oil moving higher. after sharp losses last week, it is just a bounce back? >> i've been talking to traders since i got down here, sesk specifically in the s&p pit. they look at oil because it's an indicator of overall economic demand. they are not seeing demand for that. we see it in the weekly reports. right now, they expect oil prices to remain. nobody's out there calling for hundred dollar oil, but they are not really making big calls for it to fall below 90. as far as gas prices are concerned, expect them to remain where they are because $92 to

$93 a barrel is a comfort level for the market right now. melissa: thank you so much. speaking of oil, good news for drivers at the gas pump. the national average dropped overnight to $3.59 a gallon, down from $3.93 a year ago, and for the fourth time in ten years, prices fell in the month of march. there are some states that are getting more relief than others, though. drivers in louisiana have a 10.7% drop from prices last year. that's nice. tennessee, prices plonged 10.8%. topping the list, delaware, gas prices tumbled 11% from last year. drive down there and get gas and come back, what do you think? lori: sounds good. jcpenney bracing for bad news with martha stewart. melissa: buying 200 foreclosed home, a small business owner fighting to save his hometown. lori: tornado season roaring

into action. which areas are at risk in the coming days. melissa: look at metals as we head to break. talked about gold, and sandra smith says it was a rough session, and copper is moving higher. we'll be right back. ♪

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by stabilizing your partial. and 'clean and protect' kills odor-causing bacteria. care for your partial. help protect your natural teeth. melissa: time to make money with charles pape, looking at the industrial good sector with chart industries. >> chart industries, it's interesting. not just a sexy story per se, although i think it is. melissa: it's sexy no matter what form it comes in, baby. >> liquid natural gas play, and essentially the four areas of liquid natural gas. liquid part, distribution, storage, and fueling. they are involved in all four

areas. the company is on fire, record new orders last year, a great year for them, and the only thing i say from a risk factor point of ewe, natural gas if up too fast slows products. the more competitive it is, especially talking about lick mying it, you know, substituting fossil fuels and exporting around the world, and, also, execution. that's the only problem. management missed three quarters in a row. they beat the street last quarter, but when companies miss, it never happens. it happens again and again. it bothers me, 11% short position, but other than that, an amazing company. lori: how did you find it? >> i research natural liquid gas. what peaked my interest today was the intra-day turn around. o opened at 75 bucks, now at 78. i don't know why it's weak, but it's creating opportunity. the target is 85, breaks at 83. melissa: i followed the industry for a long time, and people are

buying into long term natural gas and the idea it's cheap and plentiful for a long time. turned the corner from a technological perspective, and the fracking boom is here to say. execution. >> execution is not great. sometimes people run the businesses are not wall street ceos. in other words, they don't know how to massage a quarter and that stuff. they are hard hat guys, big iron, steel, liquid natural gas, but to your point, buying in, you're doing business in china. they may have a better lick mid natural fuel stations than us. e.u. proved it. lori: no question. >> i was on the network about getting money back, tweeted that day it was a good investment. it is. get on the stick and do it faster. melissa: i agree. >> thanks, guys. lori: checking the markets on the floor of the new york stock exchange. there's major movers. >> looking at key names here,

and first start off with a big story pertaining to dow component general electric. take a look at what's going op with the shares going on. lufkin industries soaring 30% all day, sitting around those levels. ge is buying the company for over $3 billion in cash, 3 #.3 billion. it's 88.50 a share. you see it's not too far off the level sitting at 88 bubs, 38% premium, right around where we are hovering to build up the oil and gas business for general electric. we're going to take a close look here at national bank of greece on a day where the dollar is very strong, taking a look at national bank in greece down 11%, hitting a new 52-week low, and we're watching it because the banks' merger was halted by the government, stopped the lenders, came up short, and the two banks involved will be recapitalized by the rescue, but this is a stock down over 70% for the last six months. back to you.

melissa: jcpenney preparing for worst case scenarios in court today according to the "new york post". the ceo, ron johnson, fears his company may be barred by new york judge from selling an already manufactured line of home goods designed by source company. in an effort to prevent empty shelf at the stores, sources said the retailer has been in talk with asian suppliers for the emergency production of non-stored design goods. the emergency goods may take up to 90 days to be delivered and produced under old jcpenney brands names. wow. let's look at how the shares of all three companies react today. jcpenney makes the higher, mar tray stewart trading down. it's a soap oprah. >> get the goods approved and the new goods they make in expectation if they lose the case, that's double inventory. not good either way. melissa: they are looking into doing it.

i don't know they actually got -- lori: good point, details, details, but still, hands full for jcpenney. sequester snafu, the faa delaying plans to shut down airport control toshes. melissa: the skies seem to be less than friendly these days. airline passenger complaints soaring last year. we're going to tell you which airline ranks the worst coming up next. we can bet on that during the break. lori: oh, my goodness, did you hear seth myers on "saturday night live" joke about that? let's see the dollar is trading. the euro punched up to a 1.30 handle earlier today. we're back after this. ♪

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>> at 22 minutes ahead of the hour, i'm michelle with the fox news minute. try buttes coming in for the iron lady, former british prime minister margaret thatcher. president obama said with the passing of thatcher, the world

loss a great champion of freedom and liberty and a america lost a true friend. the iron lady led the united kingdom from 1979 to 1990 as britain's only woman prime minister taking on unions and won, and sold off bait run industries aalong with the president reagan, teamed up to fight communism as the military buildup that resulted in the end of the cold war. margaret thatcher died of a stroke. she was 87. in 1950, teen star has passed away in bakersfield, california at age 70. part of disney's original mickey mouse club on television, she later starred with frankly avlon in a series of beach movies dying from complications from multiple slower row sis. those are the headlines, now back to melissa and lori. melissa: that was a tough one. thanks so much, yeah. airlines soaring higher than others in the latest rating report ranking the 14 largest

airlines in the u.s.. rich edson joining us with a break down of the results. who won and who lost? >> the general consensus here is basically customers are less satisfied with the airline experience; however, with on-time arrivals and baggage, some improvements. the rankings here, on-time arrival, hawaii with the great weather, tops 93.4 #% on time, denied boardings, basically jet blue, tops there, .01 per 10,000, virgin america topped there,.87 per thousand bag, and customer complaints southwest, the leader there, and as for the worst performers on time arrival, express jet on time, less than 77% of the time, they tied for the top or the bottom, denied boardings, sky west 2.32 per 10,000 mishandled bag. american eagle the worst, and customer complaints, united,

first time united was merged with continental in this report with questions of what consolidation means for customers. >> consolidation doesn't necessarily bring good things. it can. we can say, well, it has a chance for getting better if they do it right. go back a little bit to u.s. air and america west. did they get that figured out? not completely that well. >> while there can be integration hickups, temporarily, the end result is consolidation is a win-win for the customer as well as for the overall economy. for the customer, it increases -- it results in increased destinations, increased service, and competitive fares. >> so airline customers less satisfied, and airline stocks up. mostly because there's regimely falling fuel prices and somewhat mixed earnings report, the consolidation helps when it comes to profitability and charges for extra services like wif iring's on airplanes. back to you.

>> exactly what we were going to say while passengers may or may not be happy, investors are happy. rich edson, thanks so much. lori: the faa says they will delay closing down 149 control towers that were supposed to begin yesterday as part of the sequestering spending cuts, but now airports sue saying the closures are a safety risk. no one knows the subject better than tom sullivan who spent 16 years flying. what do you think about this delay? >> close the towers. lori: shut them? don't need them? what about the safety risk. here's the reason. i'm glad they are taking a pause because the process was kind of a meat cleaver approach to this thing, and now they are going back and going to try and actually do air space analysis, see what they've got, use current data, using very old, 30-year-old data trying to figure out which towers could be closed and which are not, and also in giving a local community, a number of them

saying we'll pay for it ourselves, so, okay, great. you want your airport with a control tower, you want to pay for it, fine, we'll staff it, send us the check. i think it's -- i think the process of waiting until june 15 #th get changes out of it, but overall, a lot of those towers really are not needed, and they don't make, in many of the small airports, a margin of difference when it comes to safety. melissa: you come from it at a perspective of having so much experience flying your whole life, your son is a pilot, you say that you see this as the natural progression of where things were kind of going with or without sequestering because politically people expect you to say this, but you say it as a pilot. >> yes, and no, no, no. the message boards read in the pilot community, most of them go most can be closed without big safety risks of any kind. there's a procedure we all use when we -- first of all, just give you the numbers. there's 5,000 airports in this country.

there's about 500 of them that have towers, so what about the other 4500? what about a lot of the smaller airports that are open during the day, but not at night? there's a procedure we use to coordinate with each other so that we don't run into each other approaching an airport, but it is -- it is something that consolidation has been going on. we used to have little weather centers that the faa ran all over the country, hundreds and hundreds and hundreds of them. about five or six years ago, they closed all other than a couple dozen. the reason why is i can call and file a flight plan, and you don't have to look out the window to see how the weather is. the weather is now on the internet. you can have one of these facilities quite honestly, and a lot of -- i a lot of the centers, three levels, there's the tower for airplanes within 10-20 miles of the airport. there's something called the tray com, taking care of the general region of the flights, and there's centers caring for

the high flying planes when you're traveling a long distance. they are consolidating those in closing a lot of those without anybody really knowing about it because of the fact that with communications and radio receivers and everything else, you can talk to somebody in kansas from california. it doesn't matter. lori: beautifully. >> so, yeah, i mean, this is like closing a military base, like closing a post office. congress is saying not in my backyard. don't you cut my post office, but that's what this is. lori: that's what it is. melissa: thank you, sir. >> yep. lori: catch him on fox news radio at 3 p.m. eastern. melissa: one man cleaning up the hometown one foreclosure at a time. tom roser spending $10 million to clean up his city. lori: while it can't get better in new york city weather-wise, it's pushing like 70 degrees, colorado, whole different story bracing for up to 18 inches of

snow, winter's not over yet. try telling that to the no , sir -- northeast. ♪

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lori: stocks are trending lower. let's get another check of the markets as we do every 15. back to nicole petallides and you've got an eye on johnson & johnson. what the issue behind this issue today? >> we're standing near the johnson & johnson post. shares are down 1.6%, lori and melissa and we're seeing that to the downside. jpmorgan saying j&j shares are looking pricey.

we've watching that. they cut it and downgraded them to a neutral from an overweight. last june, johnson & johnson, this is what they said, was trading at a 5% discount to some of its parts. now the shares are 8% premium. it has been running up. the other thing we should note, compared to its peers it is at 16% premium to large cap pharma names. they're concerned about the first quarter. it has run up so they're pulling back a little bit. back to you. melissa: nicole, thanks so much. so saving his hometown one foreclosure at a time. my next guest bought up nearly 200 foreclosed hopes in an effort to rehabilitate hard-hit carpentersville, illinois. it cost him more than $10 million but he is not stopping there. tom roser is the president of auto engineering. thanks for coming on the show. i want to make sure our audience understands this whole story. you are the largest employer in the town. you do something that has nothing to do with real estate. you electronic parts. your town, was really hard

hit by the housing crisis. a lot of homes went into foreclosure. that's when you jumped into the fray and started buying almost, now, 200 homes and fixing them up. did i get that right? >> you sure did. melissa: so what is your goal now? you're renting a lot of them back it, right? what is your plan and why did you do this? >> well, i started because i'm a major employer. i have employees that live in the town. i need to attract future employees and my customers need to know they're not coming to a slum. where my business was located i think it was an industrial slum. it is about 400,000 square foot brick building built at the turn of the century and we renovated that to a beautiful riverfront park. one. neighborhoods, meadow daily, i was driving through at 2008 and i noticed there were 200 empty homes. the empty home is the next vandal's place. i thought this has got to be fixed. i went to the state.

i went to the city. i went to the county. no one would help or could help. so i rolled up my sleeves and i started buying them. i tore them down to the studs and made them into brand new homes. branded as homes by otto, to show the qualify was that high and started selling them. we have purchased 150 single family homes and about 70 townhomes and we've sold about 50 of the single family homes. the townhomes are in the neighborhood where i don't want to sell them until i get all 135 so i can coordinate a homeowners association when i leave it stays in good control. i rent that to employees or referral of an employee at a low cost rental of $675 a month. melissa: now i understand this is below market rate on the homes that you've sold. are you making money? are you losing money? how is this working out for you? >> my deal is to come out whole. and i expect to be a catalyst. a true catalyst is required for reaction to take place

but at the end. reaction he is unchanged. i will sell them at cost to what i have in them. what i tell people is the plumbers make money, hvac guys make money, the realtor makes money and i come out whole that is good for everybody. it has made a big impact in the this town. melissa: what has been the reaction from people around town as you do this? a lot of people i say, that you're single-handedly saving this town? >> well, i single-handedly started but there are people now that have seen what this can do. when we buy a home, and we're going to tear it apart, we put a sign in the front yard says, otto engineering is renovating this home to help retain the value of the neighborhood. we want people to know there is a future for the homeowner in that town so they don't abandon their home and continue to invest. in 2008, in 2009, i was the only person that bought any property in this 5,000 person, 5,000-home neighborhood. but now people are seeing

that they can buy a home and maybe fix it up. some don't fix it up to the quality level that we do and that's why we have branded them as an otto moment home. so a buyer knows that the house he gets otto branded is essentially a brand new home. melissa: wow! this speaks to what business can do. tom, you're an fray amazing person. bless you for doing this. i hope business leaders around the country see this and get together to do the same thing in their town because obviously it has done so much food and at the same time it makes good sense for your business and workers and people come to do business with you. thanks for coming on the show. >> melissa, can i make one more comment on that? >> yes, please. >> we need to get businessmen to come and do this and the government made it very difficult, from the code enforcement officer to the regulations from state and federal businessmen find they're behind before they even start. and we need to do something about that before businessmen will take on the task that i took on out of

survival for my business and my town. >> tom, you are so right. i hope you will come back soon. thank you for coming on today. >> you're welcome. melissa: wow. lori: wild weather all across the country. a spring snowstorm expected out west. tornados likely to touch down in part of the midwest. here in new york, well, we're expecting summer-like heat. fox news meteorologist janice dean joins us from the latest from the fox weather center. >> you're not complaining about the summertime heat, are you? lori: no way. >> with the good comes the bad unfortunately. we have springtime weather and a clash of two air masses. going to be cold across the east. a cold air mass and clash of those two will give us the threat for severe weather. starting today it will be a three-day event. moisture is working its way across the great lakes. main event is across the rockies and push into the central u.s. over the next few days. there is the severe threat today and portions of colorado and kansas up into

nebraska. tomorrow it expands across millions of people who live in this area. so from waco through dallas up towards kansas city and st. louis and then, into wednesday, it even expands greater amount of people along the mississippi river valley. again from houston to the great lakes. so again, we're going to see the potential for hail, damaging winds and even several tornados. we could have a severe weather outbreak, severe weather outbreak one we haven't seen since last may. the cold side of this storm as you mentioned, ladies could bring record-breaking snow for april. we're talking about six to 12, even 18 to 24 inches of snow snow and darker shades of blue here. some areas that could be record-setting. very dynamic system. just to give you an example how powerful that cold front is, today in denver it will be 66. look at tomorrow. 19 degrees. a drop much close to 50 degrees. so with that cold front it gives a potential for some

pretty awful storms. we'll keep you posted from the fox news extreme weather center. lori, melissa, back to you. lori: that is extreme for sure. living up to the name today. >> absolutely. melissa: all right. the taxman targeting the lunch lady while silicon valley's lavish cafeteria freebieses are causing the irs to drool. lori: the road to number one, louisville versus michigan, tonight's ncaa championship game by the numbers next. melissa: look at 10-year and 30-year as we head out to break. you look at the yield after dropping significantly last week and remains unchanged on the 10-year. we'll show you the 30-year as well. we'll be right back switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds

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>> i'm dennis kneale with your fox business brief. seaworld entertainment looking to make a bigger splash in its wall street debut. amusement park operator eyeing an ipo half a billion dollars, five times as much as it originally planned back in december. blackstone group bought seaworld in '09 for $2.3 billion. avon is planning to reduce the global headcount by 400 as part of a broad $400 million cost cutting initiative. avon saying it will close and restructure operations in underperforming markets and in parts of europe, the middle east and africa. a federal judge in philadelphia will hear arguments tomorrow in the concussion-related lawsuit against the nfl. more than 4,000 players have

sued the league with some battling dementia and depression. that is the latest from fox business network, giving you the power to prosper.

melissa: so as we do every 15 minutes, let's check the markets. we have jonathan from meridian equity partners on the floor of the new york stock exchange with the latest market moves for us. what is really driving the session today? we're down about 2 points right now. what is the biggest thing traders are talking about? >> everyone is waiting what comes out after the bell with alcoa. you're seeing market a trading day, market opens on the lows and little by little starts moving step by step higher. investors are really waiting to see what the report is going to be, what the guidance is he going to be moving forward and how that correlates to our movements

tomorrow. melissa: a lot of people say this earnings season will be decent but what they're worried about the guidance because maybe the economy has slowed a little bit of late. does that match with what you're hearing or no? >> absolutely, same thing. if you compare them to the fomc comments we'll get out of the middle of this week. it is not really what is happening now. we know what is going on now. tell me what you think will happen in the future. tell me what you think will happen in the next month so everybody can start basing their estimates on that. melissa: jonathan, thanks for that. we appreciate it. >> have a great day. melissa: tech firms like google and facebook offering employees perks like gore may meals. the irs found a legal issue with the food freebies. what is the legal ground under debate? shibani joshi has all the details. >> hi, there, melissa. all this is related to the issue whornt big tech firms are doing it for their convenes or the convenes of employees. the legal basis for this argument is that for a very long time big technology

firms ended up giving a free lunch because they want to keep their employees on their campus. it wasn't all that convenient for them to go out and grab a lunch. and so depending where the legal basis or the intent of the free meals come from, is whether or not this whole issue is going to come under tax or not. we know that all the perks surrounding silicon valley are a big draw to the industry, and a big draw to technology. google alone delivers 50,000 meals per day, if you attach a value anywhere between 8 and $10 per each of the meal, that means the company provides benefits of just for the food of half a million dollars. of course the irs wants to cash in and we know why. because it makes a lot of monetary sense. melissa: absolutely. that food looks good. are there concerns this creates a slippery slope? the benefits are well-known in silicon valley? >> absolutely. work hard, play hard mentality reins in technology. some of the perks that

google advertises just in of itself, they-off on sight physicians, free legal services, gourmet food and snacks. free transportation to and from work and concierge service to help with your dry cleaning and run your errands. all of this the argument is that these companies are doing this because they need the employees to stay on their campuses. there isn't really any other options for them as a result, this is not a taxable event. what you could see is that once you start to tax food you will tax all the other benefits. that starts to, bite into the attractiveness of working in that industry overall. melissa: you can, i mean you can see how they would think of it as compensation though, i don't know. you can see it both ways. shibani, thanks so much. >> thanks. lori: the biggest game in college hoops is tonight. michigan will square off against louisville. it will be their first matchup in 34 years. also been some time since either team had a shot at championship. louisville played for the national title 27 years ago.

it has been 20 years since michigan made their last appearance. this game is especially meaningful for louisville coach rick pittino, if louisville wins the title game he would be the first coach in ncaa history to win championship titles with two different schools. pittino won the championship with, kentucky. the year was 1996. melissa: i know you will be watching the whole game. lori: i will be up for that, for sure. my alma mater got great basketball news. we will have interesting new coach next year. but i digress. this is the biggest beer merger in years but it's constellation brands, that is toasting a new all-time high. we'll explain why. at the bar for a liquid lunch. melissa: nice. look at some of today's other winners from the nasdaq as we head out to break. we'll be right back. are you still sleeping? just wanted to check and make sure that we were on schedule.

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melissa: to make our bud wayer sing cheers to the biggest merger in year inbev claims it dodged a antitrust hurdle to buy the rest of the group in mexico. jeff flock is a at brewery in bed for park, illinois, with more on the story. good assignment, jeff. >> melissa, this is where the growth is. i'm looking at empty beer bottles. this will be filled up with five rabbit beer, made in the chicago neighborhood of bedford park. those are fermentation tanks over there. i have who works in the many years in the brewery industry in south america, and central america. you started your own. this is where it's at right now with the big boys

merging. >> yes, well, it is, i really enjoyed the industry in latin america and then decided to start on my own and seen the growth in craft beer and all the possibilities in creativity in craft beer that we would -- >> give me a tour here if i can as we talk about this merger. you know, corona has been a huge, huge, beer in the u.s. and the thing is, a lot of people like those softer beers but you think the growth really is in more complex beers that you make in the craft beererry? >> agree. there is space for the micro beers but at the same time consumers more and more are looking for alternatives. you know, different experiences each time or the availability of different experiences each time they go to a bar. >> before i get away i want to put up the quote from the inbev, ab, anheuser-busch ceo who said you know what? this is not about stifling competition in the u.s. the

ab-inbev and group modelo transaction is mexico and making corona more global in markets other than the u.s. we're pleased to reach a revised agreement. we'll see if this melissa, goes forward. you know, i do think that the growth, i mean we see some places like this as opposed to, grab me a budweiser. that is the too boring, don't you think? melissa: there you go. jeff flock, thank you so much. lori: well it is a sunny day for a corona. perfect for that. may seem a little nutty but german place are reporting that five tons of nutella, whatever, however you pronounce hazelnut. melissa: nutella, hmmm. lori: it was stolen over the weekend. thieves made off with a stash worth more than a $20,000 in a parked trailer in a small town near frankfurt. what anyone can do with a pile of nutella is well left

for imagination but certainly a popular treat. melissa: i love nutella. that is lot of it. lori: put it on bananas, whatever? melissa: anything. just a spoon out of the jar. coming up tonight on "money," we have andy wider horn, fat burger ceo. he joins me to discuss making money in franchising. also the new health care law and how it will affect small businesses and what he learned on "undercover boss". that is 5:00 p.m. eastern on fox business. looking forward to that. lori: market as now. a lot going on. the world is mourning the loss of free market prime minister, margaret thatcher. we have tracy and adam shapiro next on fox business. with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day.

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adam: welcome back, i'm adam shapiro. tracy: i'm tracy byrnes, two

hours to go stocks are cutting their losses. the dow is only down about seven points right now, well above session lows. a critical first-quarter earnings season is going to kick off after the bell. we're going to look how it will shape the markets next move in a few moments. adam: the world is mourning the loss of a champion of capitalism and free market. margaret thatcher is dead at the age of 87. former thatcher researcher, nile gardiner, director of the thatcher center for freedom talks about her legacy just ahead. tracy: a airline squeeze is cramming more flyers on to fewer planes is backfiring on biggest carriers. no surprise that was going to happen. adam: no. first we have to check what is happening with stocks. nicole petallides, there is a chance the dow could go positive, which would be a bright spot, wouldn't isn't. >> we're down 50 points. certainly back and forth action is something we've been seeing of late. actually since march 20th, the dow has been up and down and up and down and that's been the trend we're seeing.

wouldn't be surprised. we're down on friday that we would be up today and continue the trend. the dow is 14,560. of course it is earnings season. look at a one-week chart as i was noting with the back and forth action you might see that slightly in the one-week chart. we're kicking off earnings season waiting on alcoa, not too far off the unchanged line. the world will keep an key eye on johnson & johnson throughout the day. it has been traded fairly heavily today. nearly one third of the 10-day-average volume already occurred here but downgraded at jpmorgan, cut because of valuation call. earlier they were saying that it looked very, very profitable. 5% discount to its parts. shares are 8% premium. so certainly had a nice run. they're a little concerned about a messy third quarter as well. back to you as well. adam: nicole, thank you. tracy: nicole would be a

emcee at a parade. pretty darn cute she was. stocks are cautious ahead of earnings season. investors expect to hear from corporate america and it will mean for the markets. alec young, s&p capital iq global equity strategist. alec, the world wands to know, we've been hearing people for the most part are expecting this earnings season to be dismal at best but really about what we think say going forward, right?. >> yeah. guidance is always really important. right now the bar is set pretty low for corporate america in the first quarter. the consensus, according to capital iq is looking half a percent increase in corporate earnings on year-over-year basis. expectations are very low. what we've seen last few years, companies are beating expectations by 3.8% every quarter. with the street looking for half a percent, we wouldn't be surprised to see the number come in 4 or 5%. we're expecting another quarter where corporate america beat as low bar. tracy: you set it low enough

anybody can jump over it right? i'm not sure how that helpses us to make investment decisions. what are you looking to hear? are you looking to hear about europe? are you looking to hear about china? what in particular are you listening for? >> we're look for the forward outlooks. earnings are back was looking. what is the guidance. and what is the feeling in corporate america about demand? increased corporate investment, hiring these are all things that are starting to happen but we want to see more of that. so how comfortable are executives in the outlook for dedemand for their products. are they comfortable to add to payrolls? will they drive significant capital investment. as you mentioned europe is weak spot for companies. multinational companies. want to hear what is going on there. macro data indicates people are pushing out the recovery in europe. things are weaker. asia is pretty patchy. we'll definitely want to get a global update given we're seeing more performance from

domestic areas. rest investors are getting worried that the globally sensitive companies may be underperforming. >> we have alcoa, speaking of global companies starting tonight. global aluminum supplier back in the day, alcoa was a bellwether, set the tone for the entire earnings season. a lot of people have different views on that now. where do you stand with alcoa? >> i think our analyst has a buy recommendation on the stock. $11 price target. i leave it to him as to elaborate more. from a macro perspective we don't view it as bellwether. it happens to be the first company to report and gets media attention. it has been a pretty troubled company for a few years. i never look to it as a indicator. it is only one company we look among 500. tracy: a bar is so low, a lot of companies will jump over it. ben bernanke is still pumping money into the market. the old sell in may go away adage you throwing this out

this year? >> i wish it was that sim perfectly making money in the market. the i think the key is the macroeconomic data. companies will do fine with earnings but the data softened up in last couple weeks after having been stronger than expected for most of q1. i think that stalled this rally out a little bit. tracy: right. >> what we want to see is this just a soft patch or will we have more significant slowdown throughout the summer as the last few years? i think that will drive the action more than any historical calendar trend. tracy: you like health care, consumer discretionary and industrials. let's talk about the industrials quickly. where are you putting your money? are we talking nat-gas drillers are you talking something like caterpillar. >> we're making a sector level call so you're talking about is drilling deeper into that. we don't really do that we leave that to our analysts but generally more domestic areas in industrials we like better than the more global areas because the u.s. recovery while not great has better momentum than what

we're seeing overseas. tracy: alec young, thank you very much for sharing your thoughts. >> sure. adam: the world is urn moing right now because tribute pouring in akbros the globe after the death of former britain prime minister margaret thatcher. she died at 87 from a stroke. she was a. joining us is one of thatcher's former researchers, nile gardner. he runs the margaret thatcher center for freedom at the heritage foundation. he joins us live from washington. thank you very much for joining us. >> my pleasure, thank you. adam: i want to read a statement from prime minister cameron which he said the real thing about margaret thatcher she just didn't lead our country, she saved our country. did she save the united kingdom? did she save england? >> i think she certainly did save the united kingdom. great britain in the 1970s was known widely as the sick

man of europe. it was a country that had to go to the imf begging for a loan. basically you had socialism run rampant in britain in the '70s. this was a country on its knees and thatcher really turned things around basically by cutting government spending, lower taxation, by restoring a free enterprise system and margaret thatcher really was responsible for the renewal of britain, putting the great back into great britain as it were. adam: people talk about her being divisive but didn't she fours the labor party in the united kingdom back to the center and they didn't remove her policies? they are still in place today, are they not? >> yes. i think that she did prompt a great deal of soul-searching within the labour party. tony blair described himself as the heir to margaret thatcher. that of course is debatable but there is no doubt about it, that margaret thatcher destroyed socialism as a

political force in britain and the labour party had to reinvent itself in order to deal with a resurgent conservative party. and so she did definitely transform the political landscape in great britain. although certainly, of course the labour party is reemerging again as a, as a political force. the labour party still remains wedded of course to a big government ideology. so the britain certainly faces significant economic problems on the horizon with the conservative government is finding it hard to deal with. adam: what about the united states? those of us came in age of 1980s remember match match and her partnership with president ronald reagan and essentially the defeat of communism in the world and putting the economies of both the u.s. and u.k. back on track. what would she say about the track the united states is on today?

>> well, she was very concerned of course about american decline. she firmly believed that the world needs strong american global leadership but you can only have a strong america if you have strong defenses in place. if you have an economy that is strong enough to support american global leadership. there is no doubt about it, i think we haveness withed a period of u.s. decline in the last three or four years or so. that was certainly an issue of concern for margaret thatcher and she was very firmly of the view that the united states must lead on the world stage. you can only have a strong america if you got a strong economy and the foundations of the strong economy are not really there at the moment. adam: nile gardner, we appreciate you joining us live from washington, d.c. i know that a lot of people very saddened by the passing of margaret thatcher. thank you, sir. >> thank you. tracy: a lot of news today.

especially this story we're talking about. macy's and jcpenney back if court after their month-long mediation failed to reach a deal. fox news senior judicial analyst andrew napolitano will weigh in. he has lots of opinions on that ahead. adam: plus which airlines fared best and worst in terms of customer complaints to the u.s. government? the answer may surprise you. we've got it for you coming up. first it is time to check how oil is trading at this hour. my mantra?

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adam: all right. gold is edging lower after having its biggest one-day gain in five months on friday. sandra smith is taking a closer look from the pits of the cme in today's trade.

>> hey, yeah. we're watching some crucial levels that traders are talking about in gold right now saying that gold is hovering around the very, very weak support levels that could cause the metal to sell off even further. 1530 is a level that a lot of traders and analysts are writing about in their notes. if you look at gold right now, still somewhat far from that. 1572 an ounce, down a few bucks on the session but down nonetheless. friday we got the big bounce in gold after that weak jobs report. everybody was looking for a safe haven but that is not lasting as we come in on this monday, the telling continues. over the past week, gold sold off about $20, losing a lot of its value to a stronger u.s. dollar, and, what citigroup points to, very, dangerous, support levels. citigroup saying, gold is hovering dangerously above weak support levels and strong dollar. this is squeezing the life out of them. if you're watching those levels, guys, gold is, citigroup is pointing out

150. if gold sells off 1530 a troy ounce, they're predicting it could sell off another $100 an ounce from that level. you're talking about nearing $1400 a troy ounce. pretty severe warning coming from citigroup. they're also barrish on silver. adam: let's talk about oil, oil is aiming higher after sharp losses last week, right? >> we're looking at oil right now. if i can focus my eyes on it. $93.35 a barrel. it is up about 65 cents on the session. so bullishness but pretty much range-bound. a couple things traders are watching for, quarterly earnings with alcoa after the bell tonight that will have a big influence on the price of energy and minutes from the latest fed. that will be out, adam on wednesday. we want to hear what the fed says about the economy. that will play a big part in the direction of oil. by the way, your gasoline prices have come down, a little bit at least over the past several weeks.

there is some good news in that. back to you. adam: sandra smith at cme. thank you very much. tracy: we'll have the fed minutes here, wednesday, 2:00 live. you don't want to miss that quarter past the hour. time to check on the markets. nicole petallides still on the floor of the new york stock exchange. i'm not going to ask you about greek parade, i know you talked about it last hour but it was really cute. your do you is positive. >> two points. maybe i should focus my eyes over here. take a look, we have the dow in positive territory after we were down 67 points earlier today. just brings us back to the back and forth action we've been seeing. look at general electric which confirmed it is buying lufkin for about $3.3 billion in cash. 38% premium. there is the stock up almost 38%. so obviously that's right in line with what would be expected. this adds up to, ge string of acquisitions they are doing. this will beef up their oil and gas business. so that is good news for ge. they're paying 88.50 a share. the stock has pulled back a

little bit, lufkin. we're seeing lufkin hitting a 52-week high on the news. there is a nice one-year chart. boom. you see that big pop there at the end. obviously a nice take over there makes it very attractive today. back to you. tracy: sure does, nicole. now down to seven plus, we'll take that. see you in a bit. >> all right. tracy: macy's shares hitting a 52-week high with the retailer back in court with jcpenney with the battle over martha stewart. who would have thought they would battle over her, right? judge andrew napolitano will weigh in on that case next. adam: also. here is how the dollar is moving right now. all stations come over to mission a for a final go.

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>> at 21 minutes past the hour i'm arthel neville with your fox news minute. president obama is calling former british prime minister margaret thatcher a great champion of freedom and liberty. thatcher led the united kingdom from 1979 to 1990 as britain's only female prime minister. she took on unions and won. she sold off state-run industries and along with president ronald reagan teamed up to fight communism

and support the military buildup that resulted in the end the cold war. margaret thatcher was 87. 1950s mousketeer and teen star a net fun cello has died. part of original mick my mouse club on television. she starred in a series of '60s beach party movies. annette funicello was 70. fidel castro is urging his ally north korea to avoid war. he warned that the korean situations represents quotes, one of the most serious dangers of nuclear war since the 1962 cuban missile crisis. those are the headlines. get you back to adam and tracy. tracy: i watched the mickey mouse club. >> me too. tracy: i wanted to be a mousketeer. i really did. i had two left feet and couldn't sing and there is that. >> thank you. >> macy's and jcpenney are

back in court over the battle over martha stewart home goods but cording a report jcpenney may be preparing for a loss. we have judge andrew napolitano. i find this so interesting because the judge could determine whether or not they can sell goods they already own? >> yes. this is a nonjury trial. this is the interpretation of contracts. here is the question. when martha stewart entered into an exclusive contract with macy's, exclusive, meaning only macy's will sell her products. tracy: right. >> did she have the right it enter into another contract with jcpenney. if she did not, then that contract is void and the question then becomes, what comes of the martha stewart products that j.c. penny already purchased from her and has, they can't sell them? tracy: right. >> if the court rules this way, that macy's, prevails, the court is confronted with a difficult question, which is, called, waste. the court can not order the destruction and waste of something of value.

so what does the court do with it, since it can't be sold? that is what the judge will have to come up with, if the "new york post" prediction that macy's is going to win is correct and it is a sound prediction since the contract with macy's was prior in time, though i haven't read it no doubt prohibited her from selling to somebody else. tracy: right. adam: would jcpenney have any recourse against martha stewart? >> absolutely. adam, absolutely. great question. she ought to have known that her agreement with macy's was an exclusive. adam: shouldn't ron johnson and team at macy's, jcpenney done some sort of due diligence? how could they miss that. >> also a superb observation on your part. i don't know how they could have missed it. mr. johnson may be in danger of losing his job at jcpenney. adam: sales alone. >> over failure to do due diligence. tracy: cot court order martha stewart to buy back her own stuff? >> yes. in this context, the court's authority to reshape and reframe the relationship

between martha stewart and jcpenney is almost limitless. tracy: wow. >> the court's goal is to prevent waste, destruction of that property. adam: but martha stewart's claim she went to jcpenney to offer product not being offered at macy's. tracy: original. adam: what if the contract with macy's has that kind of little window opening allows them to sneak in. >> then the prediction that macy's will win will not come to pass and martha stewart will continue to sell a different product to her customers through jcpenney than she selling to her customers through macy's. all of these things are the types of things the judges have to decide. tracy: before we let you go --. adam: see what the courtroom looks like? it looks like a warehouse from macy's and jcpenney because the products are in there. tracy: we have to let you go but have you heard or seen anything like this before? >> yes. tracy: you have? >> these are quite standard. i tried many of them. you try this with a jury it would take forever. if you try it with a judge who can look at the product and examine the witnesses his or herself you get to

the bottom line and get a quick solution which is what business people like. tracy: they need to be in your court. >> quick solution soon. tracy: need to be in your court, judge andrew, napolitano. >> great questions. thank you for having me. adam: got to love martha stewart having to buy her own product. >> how sweet would that be in a weird way. adam: treasury secretary jack lew saying european countries should ease off austerity and adopt more growth friendly policies as he kicks off his first trip to europe. peter barnes is in washington, d.c. with the latest. is he being received warmly? >> he is being received. he is hopscotching across europe for a couple days pushing countries, as you said, adam to fox their economies and europe's banking system. europe is in recession. unemployment is rising. it is one of our largest trading partners with imports of more than 300 billion in american products last year, but the figure could fall if europe's economy continues to weaken, which could cost american jobs. >> the united states has no

bigger, no more important economic relationship than it does with europe. and we have high expectationses that can be achieved. >> secretary lew is pushing for more economic growth through europe through a little less austerity. his big meetings come tomorrow in germany where officials will likely tell him to take a hike. exactly what they told his predecessor tim geithner on numerous occasions. the germans continue to insist they will not support bailouts of those southern european country unless they mend their spend thrift ways. lew is also pushing the europeans to complete work on their plan to unify their bank regulation and he is trying to kick-start president obama's proposal for a giant transatlantic free trade zone. by the way the french foreign minister caused a kerfuffle by canceling his meeting with lew because of a scheduling conflict. adam. adam: peter barnes. sometimes you get the impression, tracy, that the europeans, they feel like we're lecturing to them how

tracy: kerfuffle, that is the word of the day though. on deck, airline passenger complaints are rising. that doesn't shock anybody. we'll tell you which airlines delivered the best and worst service according to a new survey. adam: first look at some of today's winners and losers on today's s&p 500. @

tracy: breaking news from itch edison in washington, d.c.. senate democratic leadership aid

says the senate confirmed mary joe white to head the fcc by unanimous consent. we have an fcc head. adam: 90 minutes until the close. nicole at the new york stock exchange with a mover. >> that's right, it's in wait and see mode, but the one to focus on here 1 -- is the first of the dow to report quarterly numbers, alcoa reports after the bell today, right now, up almost 1% at the moment. alcoa is right here. we're watching alcoa, obviously, on the move, and it's certainly a bell weatherer and economic indicator. aluminum prices under pressure. a three-year chart. take a look. the stock was $18 back in early 2011. back to you. tracy: wow. adam: thank you, nicole. see you in 15 minutes. tracy: airport towers could close due to the automatic spending cuts with most changes at small airports, but the

nation's second busiest airport could be impacted by this. mike is at chicago's o'hare international airport with the details. >> the troubles start behind me. tsa agents in line, get it, in line for furloughs meaning the process of getting shoes off and getting through security could take longer. as you mentioned, 149 control towers across the nation are on the radar for cuts. ultimately, that means you have fewer people on the job keeping planes separated meaning more planes stuck on the tarmac. >> they will sit on the ground, and that's effectively what will happen. the airplanes will be delayed at the origination airport. with an average delay of 50 # minutes, up to 132 minutes. >> now, o'hare is where problems

impact everyone. the north tower on the radar to be cut, and with the tower closed, controllers in the main tower get get a view of runway 27 because of the row of hangers. the entire runway would have to be shut down. if shut down, the capacity at o'hare depending on conditions drops from 114 planes an hour they could land to 72, and any experienced traveler knows when you're stuck at o'hare you're at lax all the way to la guardia. the only bright spot is cuts were scheduled to go in effect saturday, but delayed to the middle of june. tracy? tracy: mike on top of the story, thank you, sir. adam: the closing would be the latest problem for the airlines. passengers are already unhappy with the industry according to a new study. gerri willis has the details. >> the take away, the airlines are, like, we look so much

better. start with the numbers and i'll give you the pdfs which is important. on-time arrivals 81.8% compared to 80% last year. the bags, 3.07 bags per thousand customers down too. tracy: okay. >> listen, hey, 4.2 complaints per 100,000 customers. those denied a seat on planes were down. only one denied per 10,000 passengers. that looks better too, but i got to tell you, there's a reason for this. they are flying fewer flights, stagging more people on these planes issue and i got to tell you, customer complaints are up as a result. people don't like the fact there is no middle seat. the seats keep getting smaller, the bathrooms will get smaller, and people are squished into tinier seats. at the end of the day, numbers look better, but in reality, people are not happy, and united got the worst ranking of them all. we have a statement from that company saying unit's operation

improved significantly in the fall of 2012 and continue to immediate or exceed online standards, and new records for performance, customer satisfaction up, complaints down, and improving customers' experience with investments within the airport facilities, larger overhead bins, improved seating on aircraft, in-flight satellite wifi and better tools for co-workers to deliver good service. customers say it can't happen fast enough. they want to see something better, so there you have it, annual airline quality rankings. they look better, but customers not thrilled. tracy: airlines will never win nor will we. you have to see grandma, got to get on a plane, and, yet, they will never make us happy because flying is a pain in the butt. nobody's happy. adam: it's chair that the seats have gotten smaller as they cram more in there. >> as we get bigger. tracy: and there's that. still, you know, you are cranky because you pay $7 for the cookie now.

>> can't win for losing for sure. you know, i don't know, sometimes i think jeff lou got ratings when they came out, but they are falling in the standings too. you can't keep up. leaving people on the tarmac for 10-12 hours, there's your ratings. i thought we were doing this with ashley today. tracy: thank god. thank god. >> he gets nutty with airlines. he has bad stories. adam: english are calm. >> that's true. we'll take about this and way you can do to overcome some of the problems if you're in the airport lounge and they bumped you from the flight. what do you do next. adam: johnny walker, that's what you have to do. tracy: watch the show now. adam: watch "the willis report" six and nine eastern here on the fox business network. thanks. tracy: searching for yields in retirement savings?

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♪ >> this is your fox business brief, and drivers get a break at the pumps according to a lundberg survey. the average price of the gallon dropped six cents over two weeks. a gallon of regular now costs you $3.65 on average. shares of central european distribution are tumbling after filing for chapter 11. the vodka maker is presenting a plan in bankruptcy court tomorrow that would cut more than 66 # -- $665 million in debt. appealing the european commissions rejection of the nearly $7 billion bid of t and t express telling fox business appealing the decision in efforts to avoid setting a precedent by the commission that would limit future international growth opportunities. that is the latest from the fox business network giving you the power to prosper. ♪

adam: the miker of buzzweiser says cheers today to the biggest beer merger. we are in bedford park, illinois with a story we can all say goes down easy. >> i got my hands full, adam. sorry about this. i'll put this down. this is the future of beer. i'm not drinking it, it's pulled out of the bank. that's five vulture from the five rabbit brewery outside chicago. you worked in the industry in, you know, in central and south america. >> i did. >> this merger, what's your take on it? >> well, i think it's -- i don't think it changes much for craft breer ris. craft beer is exciting, carving its own niche and growing. >> and you think that's the future? >> i think ifs. -- it is. >> the large ears brewer in the world has 46% of the market, but

the growth has been in breer ris like this, five rabbit. how much do you make? >> we have capacity right now for about 6,000 barrels, different from 350 million barrels. >> the big players, obviously, ab, modelo, and constellation brands getting a piece of this deal as well. the big players are under siege. >> i think they are. i think it's by very, you know, a big number of different players. >> yeah, got you. i appreciate it very much. appreciate the tour. maybe we'll take a taste test after we're done at the end of the day. of course. tracy: yeah. adam: jeff; it's required. you're a reporter, you have to know that which you report about. you must sample. >> i'll work on it. i'll be back to you. tracy: thanks, jeff. all right. we got four media stocks in new highs today and hulu may have found a buyer. dennis has a lot to cover today

joining us now. >> media madness, despite market jitters, four new media stocks at all-time high, scripts, amc, via com, and disney, they are the only stock to hit an all-time high, and viacom up almost 4%. hulu, the chairman offered half a billion dollars to buy huluings the web tv service he helped start in 2007. hulu partnered with disney, abc, o fox, they wanted to fight youtube online, but joint ownership gets in the way. abc said it should be a free site of network shows, foxments it to be a pay site. hulu gets 24 monthly visitors who watch free, 3 million subscribers pay $8 for hulu plus, revenue is 700 million a year. they pail in comparison to rivals.

netflix has 33 million paying customers, 11 times hulu, and google gets five times free visitors as h urges lu. joint efforts to fight the internet failed dismally. music labels flopped as well as a joint hollywood film venture, and the old line networks are a hindrance afraid to hurt the business. at half a billion, pays less than the revenue and short at vindication. he had news corp. buy myspace in the dot-com bubble and sold for $30 million. another thing, ario, a backed service that grabs the broadcast signal to send to the phone for a fee without paying the broadcasters a cut. there was a court victory in appeals court. chase carry of news corporation, our parent company, chief operating officer had this warning saying, quote, we believe they are pirating our

broadcast signal. we'll continue to pursue rights in court, but he takes about other options which is converting the fox broadcast network to a pay channel which we do in collaboration with our content partners in the affiliates. the idea of taking a broadcast network with public air waves for free and turn it into a paid cable channel would be a dramatic upheaval in the industry saying who started the fox broadcasting network, barry, don't do this with your venture, or we'll take a drastic action. adam: who blinks first? would fox take that big step? >> they cannot win the case r you cannot steel the signal that cable systems pay to carry the games. they are in court for it. tracy: dennis, stay on top of it and come back. >> thanks, guys. tracy: quarter till. time for stocks like every 15 minutes. heading down to the floor of the new york stock exchange. john corpina standing by.

john, they asked you about earnings all day. alcoa reporting. what do you want to hear? hear about europe, china, what's the one bit of guidance you are waiting for? >> you know, we look for a lot of information there, and, actually, there's two things i'm looking for. one is exposure to europe. how does it affect the stock in the overall guidance moving forward, and two is cash on hamid. i want to see cash on hand they have there. what do they do with it? buy other companies, buy take own stock back, or invest in their own infrastructure. companies with cash on hand are great stocks to buy into it. tracy: you know it. thanks for taking the time, john. >> thanks, tracy. adam: low rates have your 401(k) down? tips on how to manage your portfolio preretirement. >> the dow up 1 points now, and nasdaq winners, monster beverage up top today, up almost 5%

today. we'll be right back. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history.

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tracy: have ultra low interest rates thrown a wrench into your retirement planning? you're not alone. a survey shows a significant decline in the number of workers who have confidence they can retire comfortably compared to five years ago. here to figure it out, michael falcon, jpmorgan asset management. 20% of people have no confidence

they retire comfortably, the highest in the history of the survey. that's bad. >> it is. it's a daunting task; right? >> yeah. >> the ability to save, set aside money, work hard, set aside mon in the course of the working career. it's daunting. tracy: you do the retirement calculators all over the web, the number has more 0's on it than, like, i've seen in my whole life. i'll never get there. why bother? >> the reason is it makes a difference. there's no time like the present to start. i get asked all the time. you know, what do i do, when did i start saving, how do i put money away, and the answer is you just have to start doing it, set aside a little now, many employers offer an automatic increase so when you get a raise, put a little bit more away each paycheck, and if builds from there. tracy: 57% of those surveyed have less than $25,000 saved. that and a nickel barely gets you on the bus these days. >> absolutely true. we're looking at ways to encourage people to save more in

the plan, and, again, to increase that savings every time they get a raise or if you can at work or just sit aside more each year even if the salary is not going up, maybe 1%, 2% a year can make a difference. tracy: i told them i was putting a picture of the box on the fridge because that's where i live at this point based on how expensive they are. you can't help it. it's day-to-day that is caught up in the world; right? it's all about automatic, take it out of the paycheck before i look at it? >> don't do it all at once. research shows how difficult it is to forego today for a deferred gratification that retirement is. it's hard for people, but there's also research suggesting that getting started and doing it is rewarding as well. if you start the positive behavior and use that positive reenforcement to stay engaged, we want people invested. tracy: my kids will do it with the first paycheck. interest rates screwed savers. >> tough for people who transition into retirement now

or in retierm no longer working, living off of social security, maybe they have a pension, lucky enough, and then they're 401(k) or ira savings, and what do they do? tracy: do you have two different philosophies, the triangle and bucket. tell us about each of them. >> we talked to financial advisers today, they split a third a third a third, and a third advisers say a third, manage an accumlag and live off the interest and principle if we need to. what we find is is a lot of advisers and climates react to one of two different shapes. a triangle, income layering. what do i need, and how will i generate, you know, meeting my basic retirement needs, and then piments and lig sigh on top of that. another way to think about this is what's classically called the bucket approach, near term money to use the next two or three years that needs to be safe. i have my midterm money, three, five, seven years, more risk there, and then i have the

longer term money. each year, sit down, look at what do i move from the outer bucket into the middle one. >> you can think about that because it's less daunting. >> less about investment and more about psychology and behavior. how do you not overspend, especially in early years in retirement. make the money last. be comfortable to take risks in the longer term portfolios. tracy: come back and con viption -- convince people to save. >> any time. love to. adam: old spice trying to scrub out the competition. do you like it? >> my 12-year-old uses it. adam: it's rolling out a new line of bar soap this month. they targeted younger men in recent years with their ad campaign which is why the new line of soaps will feature manly scents and bar soap grosses far less sales than body wash, old spice researched and bar soap is

popular among men. old spice began revamping in 2008. annual sales for the company was 33% between 2009 and 2012 so sounds like the new marketing approach is working. tracy: i don't know about that. i don't know young people that use soap. soap went out the window with the clicker of the tv. adam: we talk about this aeroier. tracy: my kids just use body wash, a pump liquid thing, no bar of anything in the house. adam: it's expensive. lever is cheap. if you're over 30, it's the way to go. tracy: old spice, manly scent, can't way. a dow still barely positive. virgin america rated the best u.s. airline among passenger, but airline guru mike boyd says further results are out. the breakdown of the best airline stocks next. liz claman takes you through the last hour of trading, and

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